Sign in to comment!

Menu
Home

U.S.

Banker declared legally dead arrested in Georgia

A south Georgia bank director accused of losing millions of investor dollars before vanishing is set to appear in court.

The U.S. attorney's office in Savannah says 47-year-old Aubrey Lee Price is due to appear before a federal judge in Brunswick on Thursday. Price was arrested Tuesday during a traffic stop on Interstate 95 in Brunswick.

Price had disappeared in June 2012 after sending a rambling letter to his family and acquaintances saying he had lost millions of investment dollars and planned to kill himself.

A Florida judge declared him dead about a year ago. But the FBI had said it didn't believe Price was dead and continued to search for him.

Prosecutors say Price raised $40 million from his bank and 115 investors, and lost much of the money.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.95% up 3.94%  
15 Y Fixed Graph 3.05% up 3.02%  
30 Y Fixed Jumbo Graph 4.31% up 4.29%  
5/1 ARM Graph 3.34% dw 3.48%  
5/1 Jumbo ARM Graph 3.44% dw 3.66%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.57% up 4.56%  
$50K HELOC Graph 4.08% up 4.07%  
$30K Loan Graph 4.94% dw 4.97%  
$50K Loan Graph 4.33% dw 4.34%  
$75K Loan Graph 4.35% up 4.34%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.77% up 2.66%  
36 M Used Graph 3.25% up 3.18%  
48 M New Graph 3.05% up 2.94%  
48 M Used Graph 2.87% up 2.79%  
60 M New Graph 3.14% up 3.05%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.37% dw 0.40%  
1 yr Graph 0.71% dw 0.72%  
5 yr Graph 1.48% up 1.45%